BUL3130 Lecture Notes - Lecture 7: Unconscionability, Latera, Estoppel
Document Summary
___________ is a provision excusing one party from fault or liability. a. b. c. d. ___________ is/are any property other than an interest in real property. a. b. c. d. A ___________ is an obligation imposed by law to avoid injustice. a. b. c. d. contract implied in law bilateral contract quasi contract both a and c are correct. A and b agree that a will sell b all b"s requirements of coal at a stated price per ton. A and b contract for the sale of goods. Later a, who is 13 years old, wants to cancel the contract on grounds of incapacity. Assume that neither a nor b is a merchant. a. The common law capacity rules apply, because article 2 of the ucc has no rules on the subject. The common law capacity rules apply, because neither a nor b is a merchant.
